The USDA November feed outlook report 2011-12

The United States Department of Agriculture (USDA) released its November feed outlook report 2011/12, US feed grain production are lowered by 123 million bushels to 12,3 billion. At 146.7 bushels per acre, this year’s yield would be the lowest since 2003/04. The November forecast for 2011/12 US feed grain production is 323.1 million tons, down from last month’s forecast of 326.2 million. The month-to-month decrease results from lower forecast corn production. Upward revisions for sorghum and barley and a slight decrease for oats, resulting from revised yields, are minimal. The feed grain supply change reflects adjustments in production as imports were steady for the four individual feed grains. Read more ...